Adani Ports Acquires 31.5% Stake in Gangavaram Port from Warburg Pincus for Rs1,954 Cr

Hapag-Lloyd Acquires Stake in J M Baxi Ports & Logistics from Bain Capital Private Equity Affiliate

January 25, 2023

Logistics & Distribution

German shipping company Hapag-Lloyd has acquired the stake in Indian maritime logistics provider J M Baxi Ports & Logistics from a Bain Capital Private Equity affiliate. The sale, whose financial terms were not disclosed, transfers ownership following Bain's two-year investment that expanded J M Baxi's port capacity and logistics footprint across India. The transaction is subject to regulatory approvals.

Warburg Pincus Acquires Stake in Appasamy Associates

April 10, 2024

Medical Devices

Warburg Pincus has acquired a minority stake in Appasamy Associates Pvt. Ltd., the largest Indian manufacturer of ophthalmic equipment and intraocular lenses, to support the company's next phase of growth. Headquartered in Chennai and led by CEO Senthil Kumar alongside the promoter families, Appasamy will use the investment to scale product innovation, manufacturing and export expansion.

Warburg Pincus Acquires 80% Stake in Avanse Financial Services

March 16, 2019

Financial Services

An affiliate of Warburg Pincus has entered into a definitive agreement to acquire an 80% equity stake in Avanse Financial Services Limited from Wadhawan Global Capital. Warburg Pincus will also infuse INR 3,000 million of primary equity capital to support Avanse's growth as a specialized education finance NBFC in India.

Stonepeak and Spirit Super Acquire GeelongPort

April 26, 2023

Logistics & Distribution

Stonepeak (70%) and Australia's Spirit Super (30%) have completed their acquisition of GeelongPort Pty Limited from Brookfield and SAS Trustee Corp. The transaction secures control of Victoria’s second-largest port — a diversified landlord port handling significant trade volumes and supporting regional jobs — as Stonepeak expands its infrastructure footprint in Australia.

Warburg Pincus (via Canyon Trail) Acquires Majority Stake in Watertec India

June 27, 2023

Building Products

Canyon Trail Investments B.V., an affiliate of Warburg Pincus, has acquired a majority stake in Watertec India Private Limited, a Coimbatore-based polymer bath-fittings manufacturer and brand. The investment will support Watertec’s growth — expanding product portfolio, strengthening brand equity, and broadening geographic reach across Tier 2/3 and rural India; Mathew Job will join as Executive Chairman.

Warburg Pincus (Green Fin) Acquires Majority Stake in Parksons Packaging

April 26, 2021

Packaging

Green Fin Investments B.V., an affiliate of Warburg Pincus, acquired a majority stake in Parksons Packaging Limited, India’s largest independent folding carton manufacturer. Existing private equity investors Kedaara Capital AIF 1, Olza Holdings Limited and IIFL fully exited while the Kejriwal founder family sold a partial stake and will continue operating the business.